International Business Machines IBM Return on invested capital
Return on invested capital at other companies
Other financials
Where this comes from
Calculated from International Business Machines’s reported figures.
Based on trailing twelve months.
The official record: International Business Machines’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is International Business Machines's return on invested capital?
- International Business Machines (IBM) reported return on invested capital of 13.2% in Q1 2026.
- How has International Business Machines's return on invested capital changed year-over-year?
- International Business Machines's return on invested capital increased by 44.6% year-over-year, from 9.2% to 13.2%.
- What is the long-term trend for International Business Machines's return on invested capital?
- Over 3 years (2022 to 2025), International Business Machines's return on invested capital has grown at a 24.4% compound annual growth rate (CAGR), from 24.5% to 47.2%.
- What does return on invested capital mean?
- The after-tax return the business earns on all the capital — debt and equity — invested in it.
- How do you interpret return on invested capital?
- The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
- How does return on invested capital compare across companies?
- Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.